Wednesday, February 09, 2005

Time Value of Knowledge

The foundation principle of finance is the time value of money. Simply stated, money today is worth more than money in the future. Once you understand that principle, you can begin to understand how to maximize your profits and eventually grow wealthy.

The same principle must apply to knowledge. Knowledge gained today is worth more than knowledge gained in the future. Just has money gains interest that is continually compounded, knowledge also compounds at a rapid rate.